Ieq Capital LLC Makes New $1.29 Million Investment in First Financial Corporation Indiana $THFF

Ieq Capital LLC bought a new stake in shares of First Financial Corporation Indiana (NASDAQ:THFF) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 29,610 shares of the bank’s stock, valued at approximately $1,295,000.

Several other hedge funds and other institutional investors have also made changes to their positions in THFF. Los Angeles Capital Management LLC grew its stake in shares of First Financial Corporation Indiana by 0.7% in the 4th quarter. Los Angeles Capital Management LLC now owns 22,675 shares of the bank’s stock worth $1,370,000 after buying an additional 156 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in shares of First Financial Corporation Indiana by 11.4% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,637 shares of the bank’s stock worth $99,000 after acquiring an additional 167 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of First Financial Corporation Indiana by 3.8% during the third quarter. Private Advisor Group LLC now owns 5,360 shares of the bank’s stock worth $303,000 after purchasing an additional 194 shares during the last quarter. State of Tennessee Department of Treasury boosted its position in First Financial Corporation Indiana by 2.2% in the 4th quarter. State of Tennessee Department of Treasury now owns 9,165 shares of the bank’s stock valued at $597,000 after buying an additional 200 shares during the period. Finally, First Trust Advisors LP boosted its holdings in shares of First Financial Corporation Indiana by 1.9% in the second quarter. First Trust Advisors LP now owns 11,302 shares of the bank’s stock valued at $612,000 after purchasing an additional 213 shares during the period. Institutional investors own 72.74% of the company’s stock.

First Financial Corporation Indiana Stock Performance

NASDAQ:THFF opened at $79.07 on Thursday. The business’s fifty day moving average price is $78.21 and its 200 day moving average price is $70.48. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market capitalization of $940.14 million, a PE ratio of 11.07 and a beta of 0.42. First Financial Corporation Indiana has a 12 month low of $51.21 and a 12 month high of $84.17.

First Financial Corporation Indiana (NASDAQ:THFF) last posted its earnings results on Tuesday, July 28th. The bank reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $0.12. The business had revenue of $71.83 million for the quarter, compared to analysts’ expectations of $72.84 million. First Financial Corporation Indiana had a return on equity of 13.02% and a net margin of 23.32%. On average, sell-side analysts anticipate that First Financial Corporation Indiana will post 7.59 earnings per share for the current fiscal year.

First Financial Corporation Indiana Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were paid a dividend of $0.56 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $2.24 annualized dividend and a dividend yield of 2.8%. First Financial Corporation Indiana’s dividend payout ratio is presently 31.37%.

Wall Street Analyst Weigh In

THFF has been the subject of a number of recent research reports. Keefe, Bruyette & Woods boosted their price objective on shares of First Financial Corporation Indiana from $73.00 to $78.00 and gave the stock a “market perform” rating in a research note on Thursday, July 30th. Raymond James Financial began coverage on First Financial Corporation Indiana in a research report on Thursday, July 9th. They issued a “market perform” rating on the stock. Capital One Financial set a $90.00 target price on shares of First Financial Corporation Indiana in a research report on Friday, August 7th. Brean Capital lowered First Financial Corporation Indiana from a “buy” rating to a “neutral” rating and set a $90.00 price target for the company. in a research note on Friday, August 7th. Finally, Weiss Ratings restated a “buy (a-)” rating on shares of First Financial Corporation Indiana in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, First Financial Corporation Indiana currently has an average rating of “Hold” and an average price target of $86.00.

First Financial Corporation Indiana Company Profile

First Financial Corporation Indiana is a bank holding company headquartered in Terre Haute, Indiana, that offers a full suite of financial services to individuals and businesses. Through its subsidiary, First Financial Bank, the company provides traditional banking products including checking and savings accounts, certificates of deposit, and cash management solutions. It also offers consumer and commercial lending services ranging from residential mortgages and home equity lines of credit to working capital loans and equipment financing.

The company’s service offerings extend beyond core banking to include wealth management and trust services, retirement planning, and brokerage solutions.